Ancizar Wilson

Ancizar is a vigrous and hard-working 36 year old. He lives with his common-law wife and two children 5 and 10 years old. They are his principal motivation to get ahead. For 18 years he has worked independently selling cleaning products and merchandise on order like clothing and shoes. Also he has started a small business selling juices and fried foods. His wife helps him. It is located in the center of the city. He works from 7am until 6 pm and through this he pays his household expenses.

With the aim of strengthening his business he will use the loan to buy 3 blenders and a semi-industrial orange juicer. He wants to expand and place his business in a small stand. Then he can expand his capacity and be able to satisfy the demand for his product.

Ancizar says that his main dream is to have a large well-known business where he can offer a variety of products. He wants to stabilize his household finances so he can provide his children with a higher standard of living and education.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.